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Advocacy in action blog

1 min read

NAIFA Supports the Main Street Tax Certainty Act

By NAIFA on 7/19/23 4:37 PM

NAIFA recently signed onto a letter supporting Congressman Lloyd Smucker's (R-PA, 11th District) newly introduced bill that would make the Section 199A deduction permanent. The bill had over 80 co-sponsors from both aisles and received unanimous support from the 25 Republicans on the Ways & Means Committee. The bill is similar to S.1706 introduced by Senator Steve Daines (R-MT) making the support for minimizing tax hikes bipartisan and bicameral. 

Topics: Legislation & Regulations Small Business Supported Legislation
1 min read

House Passes Bill to Lower Administrative Burdens on Small Businesses

By Mike Hedge on 6/26/23 3:31 PM

On June 22, The United States House of Representatives passed the NAIFA-supported Employer Reporting Improvement Act (H.R. 3801), which provides employers flexibility about what personal information they have to provide on behalf of their employees and their families. Additionally, it extends the appeal window for any potential violation and establishes a statute of limitations so small businesses operating with limited resources can continue their work with less of a burden.

Topics: Advocacy Legislation & Regulations Supported Legislation
3 min read

New Oregon Law Strengthens Safeguards for Annuity Consumers

By NAIFA on 6/7/23 12:15 PM

American Council of Life Insurers (ACLI) President and CEO Susan Neely and National Association of Insurance and Financial Advisors NAIFA-Oregon President Kym Housley issued the following joint statement on legislation signed into law in Oregon that strengthens safeguards for annuity consumers:

Topics: Legislation & Regulations Press Release Annuity Best Interest Oregon Supported Legislation
1 min read

NAIFA Advocacy Gets Immediate Results

By NAIFA on 5/26/23 12:41 PM

NAIFA Is the One and Only!

We ARE the people making a real difference in achieving financial security for Main Street Americans.
NAIFA’s advocacy efforts are nonstop, working on behalf of agents & advisors, and your clients. No other association represents financial services professionals at the state, interstate, and federal levels. No other association brings 500+ producers to Washington, D.C., year after year for our Congressional Conference to speak with federal lawmakers about issues that impact the financial security of American families and businesses.

Topics: Congressional Conference Supported Legislation SECURE 2.0
1 min read

NAIFA Supports Tax Certainty for Main Street

By NAIFA on 5/18/23 4:40 PM

An important tax deduction for many individual- and family-owned businesses –  Section 199A of the Tax Cuts and Jobs Act – is set to expire in just two years. NAIFA strongly supports legislation sponsored by Senator Steve Daines (R-MT) that would make permanent the 20% deduction for pass-through businesses.

Topics: Small Business Taxes Federal Advocacy Supported Legislation
2 min read

Federal Law Would Bolster Advisors’ Ability to Protect Senior Clients From Financial Fraud

By NAIFA on 5/16/23 12:00 PM

NAIFA strongly supports efforts to prevent the financial exploitation of seniors and vulnerable adults. As trusted and licensed insurance and financial professionals who abide by a Code of Ethics and work in the best interests of their clients, NAIFA members are often ideally positioned to recognize and help prevent financial abuse and exploitation.

Topics: Federal Advocacy Supported Legislation Senior Financial Protection
1 min read

SECURE Notarization Bill Introduced in Senate Would Benefit Consumers and Advisors

By Mike Hedge on 4/21/23 9:15 AM

On April 19, U.S. Senators Kevin Cramer (R-ND) and Mark Warner (D-VA) reintroduced the NAIFA-supported Securing and Enabling Commerce Using Remote and Electronic Notarization Act. This bipartisan bill would permit the nationwide use of Remote Online Notarizations (RONs), enabling notaries and signers to complete the process from different physical locations.

Topics: Federal Advocacy Supported Legislation Remote Notarization
1 min read

Tennessee Adopts Legislation to Expand Producer Recruitment

By Bianca Alonso Weiss on 3/28/23 8:27 AM

Tennessee Governor Bill Lee signed SB 1369 into law on March 21, 2023, making Tennessee the 24th state to eliminate producer pre-licensing mandates. NAIFA-Tennessee applauds and thanks bill sponsors Senator Steve Southerland and Senator Ken Yager for carrying the legislation. NAIFA-Tennessee worked hard on the ground to educate lawmakers on the positive change this will be for increasing producer recruitment.

Topics: State Advocacy Licensing Supported Legislation Tennessee
1 min read

Idaho Adopts High School Financial Literacy Education Requirement

By NAIFA on 3/23/23 2:27 PM

NAIFA is celebrating a major legislative win out of Idaho. On March 20, 2023, Idaho Governor Brad Little signed H. 92 into law, making Idaho the 18th state to adopt financial literacy coursework as a requirement for high school graduation. The bill passed the Idaho House of Representatives 67-0-3 and the Idaho Senate 34-0-1.

Topics: State Advocacy Financial Literacy Idaho Supported Legislation
1 min read

House Passes SECURE Notarization Act of 2023

By Mike Hedge on 3/2/23 1:15 PM

On February 27, the U.S. House of Representatives passed the NAIFA supported SECURE Notarization Act of 2023 by a voice vote. The bipartisan legislation was introduced earlier this month by U.S. Reps. Kelly Armstrong (R-N.D.) and Madeleine Dean (D-Pa.).

Topics: Legislation & Regulations Federal Advocacy Supported Legislation